Video and Audio Lectures in Advanced Microeconomics

Course materials, including lecture video extracts, from a course on the Adaptive Markets Hypothesis with applications to hedge funds, the 2008 Financial Crisis, and COVID-19. "Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, this course shows that the theory of market efficiency isn’t wrong, but merely incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit." Each unit has downloadable lecture slides. The course is part of the MIT Open Learning Library; it is freely available but registration is necessary to see some of the resources.

Twenty-eight lectures of roughly one hour each from a one-semester graduate course delivered in late 2014. "This one-semester course covers basic issues in the optimal design of tax and social insurance policies, with emphasis on combining theoretical models with empirical evidence. Topics include efficiency costs and incidence of taxation, income taxation, transfer and welfare programs, public goods and externalities, optimal social insurance (excluding social security), and welfare analysis in behavioral models."

Seventeen video lectures, with slides in PDF format and teaching notes on specific topics, from a joint undergraduate/graduate course "that seeks to show the unity of classical Marshallian price theory with topics of recent interest in industrial organization, public finance, international trade and particularly the design of social institutions." The course was delivered in Fall 2013

Seventeen video lectures with PDF slides from a course delivered in 2011. Each lecture is available in two versions: a "regular" version and "turbo" version which covers a bit more material. "The first part of this course discusses markets with one or a few suppliers. The second part focuses on demand and supply for factors of production and the distribution of income in the economy. This course also includes some elementary general equilibrium theory and welfare economics."

Maps of bounded rationality : a perspective on intuitive judgement and choice is Daniel Kahneman's 2002 Nobel Prize lecture, reviewing psychological and behavioural perspectives on economic choice following from his pioneering work with Amos Tversky. Includes a summary of their 'prospect theory', an alternative to rational choice theory that is consistent with their empirically discovered judgement biases, and a review of evidence for the main heuristics and their associated biases. Available as text or as a video of the lecture.